Egypt GDP Growth Rate

The GDP in Egypt expanded 5.40 percent year-on-year in the second quarter of 2018, the same as in the previous period. GDP Growth Rate in Egypt averaged 4.07 percent from 1992 until 2017, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3.80 percent in the first quarter of 2011.

GDP Growth Rate in Egypt is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Egypt to stand at 5.60 in 12 months time. In the long-term, the Egypt GDP Growth Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

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Egypt GDP Growth Rate

Egypt has one of the most developed and diversified economies in the Middle East. Until 2010, Egyptian economy was growing an average 5 percent a quarter as a result of several economic reforms attracting foreign investments. During that time, the economy and the living standards for majority of population improved. Yet, living conditions for the average Egyptian still remained poor and large income disparities continued to grow, leading to the public discontent. The 2011 revolution, which brought down President Hosni Mubarak regime, have caused economic slowdown as political and institutional uncertainty and rising insecurity continue to hurt tourism, manufacturing, and construction. This page provides - Egypt GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.